Global Hunter Securities Starts Rare Element Resources (REE) at Buy
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Price: $3.92 --0%
Rating Summary:
3 Buy, 1 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 6 | New: 4
Rating Summary:
3 Buy, 1 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 6 | New: 4
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Global Hunter Securities initiates coverage on Rare Element Resources (AMEX: REE) with a Buy rating and $18.50 price target.
The firm comments, "Rare Element Resources (Rare Element) is advancing the Bear Lodge rare earth project towards production and will be one of two significant projects in the United States providing the critical/strategic metals currently in short supply and facing export restrictions from China. We believe the project's location, straightforward mining plan and relatively low capex makes Rare Element a compelling investment at this time. In addition, the company also has an adjacent low grade, but high tonnage gold deposit, Sundance, which has a resource in excess of 900k oz Au. We believe that Rare Element is undervalued based on the upcoming catalysts and advantages over other development companies in the REE sector."
For more ratings news on Rare Element Resources click here and for the rating history of Rare Element Resources click here.
Shares of Rare Element Resources closed at $10.68 yesterday.
The firm comments, "Rare Element Resources (Rare Element) is advancing the Bear Lodge rare earth project towards production and will be one of two significant projects in the United States providing the critical/strategic metals currently in short supply and facing export restrictions from China. We believe the project's location, straightforward mining plan and relatively low capex makes Rare Element a compelling investment at this time. In addition, the company also has an adjacent low grade, but high tonnage gold deposit, Sundance, which has a resource in excess of 900k oz Au. We believe that Rare Element is undervalued based on the upcoming catalysts and advantages over other development companies in the REE sector."
For more ratings news on Rare Element Resources click here and for the rating history of Rare Element Resources click here.
Shares of Rare Element Resources closed at $10.68 yesterday.
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